Kaltani, a Nigerian clean-tech plastic waste recycling company, has raised $4 million in seed capital to extend its recycling operations across the country.
Kaltani, founded in Nigeria by Engineer Obi Charles Nnanna, intends to alleviate Africa’s growing plastic waste challenge by encouraging the circular economy and recycling best practices.
The firm employs 100 people across its collection centers, recycling plant, and offices, and is responsible for collecting bottles and other plastic debris, which is then transferred to its collection centers for aggregation and processing before being delivered to its recycling facility. Plastics are subsequently processed at the factory into hot washed PET flakes and PE and PP pellets, which are then sold to FMCG firms for thermoform, sheet, packaging, bottling, and fiber applications.
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Kaltani’s solution employs data analytics, predictive analytics, and geo-mapping to enable transparency and traceability throughout the value chain.
The firm has already raised a US$4 million fundraising round, with which it plans to construct 20 new collecting and aggregation centers across Nigeria and expand its workforce to over 500 individuals. These improvements will significantly increase Kaltani’s capacity, allowing the company to recycle up to 15,000 tonnes of plastic trash per year.
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“The world has a plastic pollution crisis. Plastic waste is an environmental disaster causing environmental degradation to our oceans, aquatic life, the air we breathe and our health. With the amount of plastic waste produced set to continue skyrocketing, the world desperately needs actionable and scalable solutions. At Kaltani, we have already proven that our solution and model works effectively and efficiently with a thorough A-Z value chain solution, and we are beyond excited to commence our expansion into other parts of Nigeria,” said Nnanna.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh